Opting for a stock broking company to begin your trading journey can put you up in a fix. You can choose to eliminate your concerns by opting for the company 5Paisa and its 5Paisa Demat Account as well as 5Paisa Trading Account services.
They are one fine discount broking house, serving the trading needs of the entire country digitally. They are expanding their services, growing beyond and above their competitors at a greater pace.
Here is an abstract of all the services, their benefits, the account opening process, and a basis for a brief comparison of the quality of services provided.
| Summary | |
| Depository Participant | CDSL |
| Account Opening Charges | Rs.0 |
| Demat AMC | Rs.540 per Annum |
| Trading AMC | Free |
| Margin Required | 75% Margin |
| Dematerialization Available | No |
What is 5Paisa Demat Account & its Benefits?
5Paisa Demat Account would be the ground through which you can deal in the stock market. The transaction you attempt, either of buying some shares or of selling the same would take place through a demat account. In straight forward explanation, a demat account stores all the shares you buy or sell.
Open an account with the company now, store all your shares electronically, and trade feasible through it, given the emerging digitalization.
Here is how you shall be benefitted from a 5Paisa demat account:
- Being a discount broker, they provide every assistance online, be it account opening or query resolution.
- Brokerage charges they levy are a flat rate for all the segments, which cuts on your expenses.
- They have deployed robo advisory services, providing you with cutting-edge technology-oriented solutions.
- For a powerful trading experience, they introduced a mobile trading app, trade station web, trade station EXE, and finally Algo Trading.
Open Demat Account with 5Paisa Now! – Fill up the Form
What is 5Paisa Trading Account & its Benefits?
After the storage of shares in demat account is sorted, you need a 5Paisa Trading Account to deal with the shares. You need a trading account to make the trade or place an order. A trading account links your demat account and the registered bank account.
As per the trade you place, both the demat account and the bank account status changes, i.e. the debit or credit of the amount and shares.
Note down the benefits of owning a 5Paisa Trading Account:
- The trading account is provided to you free of cost, also no AMC is levied on the account.
- You get to invest in a lot of segments through one trading account.
- Insurance services are as well rendered by the company through the account, making it possible for you to manage all your finances in one place.
You can check Demat Account details of other Brokers
What are the 5Paisa Demat Account Charges?
| Charges | |
| Which is the Depository Participant involved? | CDSL |
| What are the Demat account opening charges? | Rs.0 |
| How much is the Demat Account AMC? | Rs.540 per Annum |
| What is the Trading Account AMC? | Free |
| What is the initial Margin amount required? | 75% Margin |
| Is there any dematerialization available? | No |
You need to cater a share of your funds towards getting associated with the company. The first charge you need to pay is the 5Paisa Account Opening Charge which is Rs.0. It is, however, higher than what most of the discount brokers ask for, but given its one-time fee nature, you can make amendments.
Other 5Paisa Demat Account Charges include the Account Maintenance Charges which are levied every year. The perk provided here is of 75% Margin requirement to start investing. No definite margin as the balance needs to be catered by the traders, which makes it a feasible option.
How much is 5Paisa AMC or Annual Maintenance Charge?
As discussed above, a 5Paisa AMC is levied once every year. Being a recurring expense, you need to keep track of it. The AMC for the demat account is Rs.540 per annum. With a payment of Rs.540 every year you shall be able to smoothly take on your investment.
However, Trading AMC is free of cost. This is an expense gotten rid of, for a lifetime, as there are a lot of companies that charge a fee for trading AMC.
How to Open 5Paisa Demat Account?
Follow the below-mentioned procedure to Open 5Paisa Demat Account:
- You need to search for a yellow button provided at the end of the page, the “Open Demat Account” button. Press the button to open a form.
- When you click on the button, a popup form will appear on your screen, consisting of some questions. You need to fill in the right and genuine details.
- When you submit the form, you will be redirected to the KYC process. Here you should provide the documents as asked. The most common documents they ask for are a PAN card, an Aadhaar number, bank account details (a canceled cheque), and a photograph.
- The documents should be uploaded in scanned copy format, so, keep them handy if you want to complete the process more quickly.
- Company executives will then call and cross-check all the details as provided by you and verify the documents.
- Upon successful verification, your account opening process will be initiated and you will receive the login credentials of the same in your registered email address.
Find out the Demat Account Opening Process of other Brokers
General FAQs on 5Paisa Demat & Trading Account
Here are the general FAQs of 5Paisa :
Does 5Paisa provide a Free Demat A/C offer?
This company does not provide you free access to demat account, so, you need to pay a fee for the same.
Does 5Paisa provide Free Trading A/C offer?
There are no charges for opening a trading account since a trading account is provided to you along with the demat account.
Is 5Paisa offering discounts on Brokerage?
Being a discount broker in India, they do offer great and worthy discounts on brokerage options for their customers.
Does 5Paisa offer Happy hour trading to their clients?
5Paisa has no inclusion of any such offer as, Happy hour trading.
Is 5Paisa providing a flexible brokerage plan?
You do not get to choose a brokerage plan with 5Paisa, as they work on a flat-fee brokerage plan basis.
5Paisa Demat Account – Conclusion
The most attractive part of the 5Paisa Demat Account is the flat fee. You have to pay a flat brokerage on all segments, irrespective of the amount you trade. This shall be a perk if you trade in greater denominations, as the brokerage charge you pay will stay constant.
The waived-off account opening and AMC for the trading account would be a huge cut on your expenses. This would also improve earnings made, with no recurring and one-time fee.
Open Trading Account with 5Paisa Now! – Fill up the Form
Here are full demat account reviews of other brokers
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